Ragnar Metals Uncovers Four New Gold Targets at Harnäs Ahead of Drilling

Exploration Update at Harnäs

Ragnar Metals Limited has announced a compelling advancement in its exploration efforts at the Harnäs Project in Sweden. By reprocessing historical induced polarisation (IP) and resistivity data, the company has delineated four new targets exhibiting significant geophysical anomalies indicative of potential gold mineralisation. These targets lie along strike from the existing Harnäs Prospect, reinforcing the district-scale opportunity that Ragnar is pursuing.

Geophysical Insights and Historical Context

The reprocessed data revealed coincident conductivity and chargeability anomalies at two key locations west and northwest of the Harnäs Pit, where historic drilling intersected quartz-pyrite veins but was never assayed. Notably, one shallow hole intersected a 12.8-metre zone with quartz-pyrite veins, while recent surface sampling returned gold grades as high as 15.9 grams per tonne. These findings suggest that mineralisation extends beyond previously tested areas and remains open at depth and along strike.

Target Prioritisation and Planned Work

Targets A and B, characterised by strong sulphide indicators and conductive fault zones, have been prioritised for immediate drilling. Target C, showing a compelling conductivity anomaly aligned with interpreted structural features, is slated for follow-up sampling and a second phase drill test. Target D, while lower priority due to its isolated chargeability anomaly, will undergo further geological assessment to determine its potential.

Supporting these efforts, Ragnar is advancing a suite of complementary programs including assays of previously unsampled historic drill core, a high-resolution UAV magnetic survey to refine structural interpretations, and detailed channel sampling and pit modelling. The company is finalising drill permits and preparing for a maiden diamond drilling campaign scheduled for the first quarter of 2026.

Strategic Implications

Executive Director Eddie King emphasised the significance of these developments, noting that the new targets bolster confidence in expanding the current deposit’s scale. The integration of geophysical anomalies with geological and sampling data paints a promising picture for Harnäs as a potentially substantial gold system. This methodical approach, combining modern geophysical techniques with historic data and targeted drilling, exemplifies Ragnar’s strategy to unlock value in underexplored gold districts.